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20121121
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CNN
Nov 23, 2012 3:00am PST
want to bring in mary smith. and mary, we were talking about this earlier. you feel more confident about spending money this go-around. tell me about that. >> i do. i just feel the economy's getting stronger. and you know, it's just easier than it was last year. >> so, you know, i saw you looking around. what are the items that stand out to you? what are you looking to buy? >> well, today, i'm getting an itouch. >> very cool. and you know the other thing, i did the same story last year, and you talk with these people. you talk to families. this seems to be tradition. after thanksgiving you come out, you shop for black friday and you were telling me the same for you? >> that's correct. it's been a tradition since as long as i can remember that my mother and i would come shopping the day after thanksgiving, just a kickoff to the holidays. >> a lot of people seem to be doing that. fewer people in the store right now than we saw earlier. but the store opened at midnight. we saw some 600 people file into this particular store. a lot of people shopping for deals today. you'll see it, you
CNN
Nov 24, 2012 3:00am PST
, managing direct are of wealth management from morgan stanley smith barney. let's talk about the bottom line here. a middle class family of four, why should they worry? why should a family liking that worry about the fiscal cliff? >> a family in arkansas that makes $55,000 a year will pay $3,000 more a year in taxes if it's fully implemented. that's a pretty big amount of money for an average family to absorb in a year. it slows the economy and ripples through all parts of the united states. we don't think it's going to happen fully. if it were, it would be pretty devastating to the u.s. economy. >> that is a lot of money for these families. but is everyone affected by this? >> yes 121 million taxpayers, 90% of america is affected. the lowest tax bracket goes from 10% to 15%. that's a pretty big rise. >> businesses certainly watching the cliff closely. how would it affect american business if we did go over it? >> we think we would flirt with recession. probably 1% off the gdp would come from it. it would cause unemployment to go higher which would hurt the nation. so goes busine
Search Results 0 to 1 of about 2